When buying a distressed property you will likely will be dealing with a motivated seller and or bank. With recent market changes, many of these properties are selling quickly, as many investors and buyers are taking advantages of today’s incredible rates.
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For the most part listing agents (representing the bank or seller) are interested in having these homes off the market so they can begin the negotiation stage. There are times that you are able to purchase homes slightly below the market rate depending on strategy. Knowing whether or not a home in a certain area is located in an area where value retention is viable is something we can help you asses.

 

How do I know if I am a Distressed Seller?

At Skoglin Real Estate, we have assisted more than 90 clients in the most recent years with finding ways to create the best solutions for them. Having completed CDPE (Certified Distressed Property Expert) certification we are able to use our level of education and awareness of today’s “distressed market” to ease our clients worries with results. We create options for our sellers that may be in default (missed payments) or those that are facing challenges for them to stay in their home. There are various options through loan modifications and legal consulting that will help figure out what is the best path for your future. As always this information is always private and we pride ourselves to use upmost discretion. We understand that jobs transfers, illness, income changes and other factors are constantly issues that come up for our neighbors, friends and family and we are here to assist in figuring out what is truly the best next step.

 

Disadvantages of Purchasing a Distressed Property

Usually most assume that buying a distressed home you are going to get a great deal! That is not always the case. With inventory being so low, the San Diego market is changing. One of the biggest issues with buying a distressed home is the sale process. It’s sometimes not clear which lending institution actually owns a mortgage loan, and it can take time to get the bank to approve the sale. For the most part, homes in San Diego are in maintained condition, however, at times bank owned or foreclosed properties can be deemed “fixers”. For a list of all the active distressed homes for sale in San Diego please use our search icon below to browse. To find out more about how our experience representing distressed sellers and those buyers interested in learning more, please contact us.

 

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$750,000 - 4Br/4Ba -  for Sale in Valley Center
$750,000
New
MLS# DW20229711

13785 Woodstock Pl
Valley Center, CA 92082

Property Type: Detached
Offered by: First Family Homes
$745,000 - 4Br/4Ba -  for Sale in Fallbrook
$745,000
MLS# OC20024425

3855 Monserate
Fallbrook, CA 92028

Property Type: Detached
Offered by: California Short Sale Solution
$705,000 - 3Br/3Ba -  for Sale in Fallbrook, Fallbrook
$705,000
MLS# 200010323

3281 Reche Rd
Fallbrook, CA 92028

Property Type: Detached
Offered by: Big Block Realty, Inc.
$699,900 - 4Br/4Ba -  for Sale in Eastlake, Chula Vista
$699,900
MLS# 200026259

1477 Old Janal Ranch Rd
Chula Vista, CA 91915

Property Type: Detached
Offered by: Coldwell Banker West
$699,000 - 4Br/4Ba -  for Sale in Woods Valley, Valley Center
$699,000
MLS# 200030432

14393 Sawgrass Cir
Valley Center, CA 92082

Property Type: Detached
Offered by: Select Premier Properties
$676,000 - 4Br/0Ba -  for Sale in Norco
$676,000
New
MLS# CV20223392

273 Wyatt Place
Norco, CA 92860

Property Type: Detached
Offered by: EXP REALTY OF CALIFORNIA INC
$650,000 - 3Br/3Ba -  for Sale in Old Esc Historic District, Escondido
$650,000
MLS# NDP2001296

612 E 8th Ave
Escondido, CA 92025

Property Type: Detached
Offered by: Coldwell Banker Realty
$649,000 - 2Br/1Ba -  for Sale in Talmadge, San Diego
$649,000
MLS# 200041534

4650 Max Dr
San Diego, CA 92115

Property Type: Detached
Offered by: Revilo Realty
$643,000 - 3Br/2Ba -  for Sale in Buena Park
$643,000
MLS# PW20029240

5586 Fullerton Avenue
Buena Park, CA 90621

Property Type: Detached
Offered by: Century 21 Award
$629,990 - 3Br/2Ba -  for Sale in Anaheim
$629,990
MLS# PW20205357

1441 W Kiama Place
Anaheim, CA 92802

Property Type: Detached
Offered by: Jason Jones, Broker
$629,000 - 3Br/3Ba -  for Sale in Boulevard
$629,000
MLS# PTP2000060

2758 Ribbonwood Road
Boulevard, CA 91905

Property Type: Detached
Offered by: Team One Realty
$625,000 - 3Br/3Ba -  for Sale in Westminster
$625,000
MLS# PW20202313

14271 Baker Street
Westminster, CA 92683

Property Type: Townhome
Offered by: Chapman Realty